Conning Inc. Boosts Holdings in Grupo Aeroportuario dl Srst SAB CV (ASR)

Conning Inc. grew its stake in shares of Grupo Aeroportuario dl Srst SAB CV (NYSE:ASR) by 31.8% during the third quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 8,491 shares of the transportation company’s stock after purchasing an additional 2,050 shares during the quarter. Conning Inc.’s holdings in Grupo Aeroportuario dl Srst SAB CV were worth $1,742,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds also recently modified their holdings of ASR. Hexavest Inc. acquired a new position in shares of Grupo Aeroportuario dl Srst SAB CV during the third quarter worth about $117,000. UBS Group AG lifted its stake in shares of Grupo Aeroportuario dl Srst SAB CV by 152.9% during the first quarter. UBS Group AG now owns 2,175 shares of the transportation company’s stock worth $371,000 after purchasing an additional 1,315 shares in the last quarter. Capital Fund Management S.A. acquired a new position in shares of Grupo Aeroportuario dl Srst SAB CV during the second quarter worth about $446,000. Dynamic Technology Lab Private Ltd acquired a new position in shares of Grupo Aeroportuario dl Srst SAB CV during the first quarter worth about $503,000. Finally, Oppenheimer & Co. Inc. acquired a new position in shares of Grupo Aeroportuario dl Srst SAB CV during the third quarter worth about $610,000. Institutional investors own 19.38% of the company’s stock.

NYSE:ASR opened at $171.90 on Friday. The company has a debt-to-equity ratio of 0.44, a quick ratio of 2.11 and a current ratio of 2.87. Grupo Aeroportuario dl Srst SAB CV has a one year low of $152.40 and a one year high of $212.70. The stock has a market capitalization of $4.76 billion, a P/E ratio of 16.71 and a beta of 0.66.



ASR has been the topic of a number of recent research reports. UBS Group initiated coverage on Grupo Aeroportuario dl Srst SAB CV in a research note on Monday, August 27th. They set a “buy” rating on the stock. Bank of America initiated coverage on Grupo Aeroportuario dl Srst SAB CV in a research note on Tuesday, August 28th. They set a “buy” rating and a $218.00 price objective on the stock. Morgan Stanley cut Grupo Aeroportuario dl Srst SAB CV from an “equal weight” rating to an “underweight” rating and set a $187.00 price objective on the stock. in a research note on Thursday, October 4th. Zacks Investment Research upgraded Grupo Aeroportuario dl Srst SAB CV from a “sell” rating to a “hold” rating in a research note on Monday, September 17th. Finally, HSBC cut Grupo Aeroportuario dl Srst SAB CV from a “hold” rating to a “reduce” rating in a research note on Monday, October 8th. Two analysts have rated the stock with a sell rating, three have issued a hold rating and two have given a buy rating to the company’s stock. The company currently has a consensus rating of “Hold” and an average price target of $202.50.

Grupo Aeroportuario dl Srst SAB CV Company Profile

Grupo Aeroportuario del Sureste, S. A. B. de C. V. holds concessions to operate, maintain, and develop airports in the southeast region of Mexico. It operates nine airports that are located in the cities of Cancún, Cozumel, Mérida, Huatulco, Oaxaca, Veracruz, Villahermosa, Tapachula, and Minatitlan. The company provides aeronautical services, which include passenger, aircraft landing and parking, passenger walkway, and airport security services.

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Institutional Ownership by Quarter for Grupo Aeroportuario dl Srst SAB CV (NYSE:ASR)

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